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How will Brexit impact on London’s lucrative financial sector?

Skyline of the City
Created on
14 January 2020

The London Assembly EU Exit Working Group will tomorrow hold a meeting on the impact of exiting the EU on London’s financial sector. The financial sector contributed £63.8bn to London’s economy in 2017, 15 per cent of London’s total economic output. The meeting will focus on:

  • The outlook for London’s financial services sector retaining its global status following the UK’s exit from the EU,
  • The arrangements that different types of firms in the financial services sector would prefer for a future relationship with the EU.

The guests are:

Panel 1 (30 mins)

  • Joe Owen, Programme Director, Institute for Government

Panel 2 (1.5 hours)

  • Catherine McGuinness, Chair of the Policy and Resources Committee, City of London Corporation
  • Chris Bates, Head of Clifford Chance’s financial regulation practice in London
  • Nicole Sykes, Head of EU Negotiations, Confederation of British Industry

The meeting will take place on Wednesday 15 January 2020, at 2pm in the Chamber.



Media and members of the public are invited to attend



The meeting can also be viewed LIVE or later via webcast or YouTube



Follow us @LondonAssembly and take part in the meeting discussion using #EUexit

Notes to editors

  1. Agenda Papers
  2. Len Duvall AM, Chair of the EU Exit Working Group, is available for interview – see contact details below.
  3. EU Exit Working Group
  4. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.

 

For media enquiries, please contact Dominic Nutt on 07720 467680. For out of hours media enquiries, call 020 7983 4000 and ask for the London Assembly duty press officer.  Non-media enquiries should be directed to the Public Liaison Unit on 020 7983 4100.

 

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